FirstCash Holdings, Inc. (FCFS) to Issue Quarterly Dividend of $0.42 on February 27th

FirstCash Holdings, Inc. (NASDAQ:FCFS) announced a quarterly dividend on Wednesday, January 28th. Investors of record on Wednesday, February 18th will be given a dividend of 0.42 per share on Friday, February 27th. This represents a c) dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Wednesday, February 18th.

FirstCash has raised its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 8 years. FirstCash has a payout ratio of 18.0% meaning its dividend is sufficiently covered by earnings. Research analysts expect FirstCash to earn $8.99 per share next year, which means the company should continue to be able to cover its $1.68 annual dividend with an expected future payout ratio of 18.7%.

FirstCash Stock Down 0.1%

FCFS stock opened at $181.89 on Monday. The company has a market cap of $8.00 billion, a price-to-earnings ratio of 24.51 and a beta of 0.49. The company has a debt-to-equity ratio of 0.97, a quick ratio of 3.36 and a current ratio of 4.55. The business’s 50-day moving average is $167.19 and its two-hundred day moving average is $156.41. FirstCash has a fifty-two week low of $109.51 and a fifty-two week high of $188.75.

FirstCash (NASDAQ:FCFS) last released its quarterly earnings results on Thursday, February 5th. The company reported $2.64 EPS for the quarter, beating the consensus estimate of $2.54 by $0.10. FirstCash had a net margin of 9.02% and a return on equity of 17.99%. The firm had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.01 billion. During the same quarter in the prior year, the firm earned $2.12 EPS. The business’s revenue for the quarter was up 19.8% compared to the same quarter last year. As a group, analysts forecast that FirstCash will post 7.7 earnings per share for the current year.

FirstCash Company Profile

FirstCash, Inc (NASDAQ: FCFS) is a leading integrated operator of pawn stores and provider of short-term consumer loan services in the United States and Mexico. Through its retail pawn outlets, FirstCash offers collateral-based loans secured by personal property, enabling customers to access liquidity without a credit history or traditional bank account. The company also purchases, trades and sells a broad range of secondhand merchandise, including electronics, jewelry and power tools, through its network of conveniently located stores.

In addition to its pawn-broking activities, FirstCash provides unsecured consumer loans designed to meet urgent cash needs.